Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations

250 jobs
Number of planned job losses
Job loss
Announcement Date
22 December 2010
Employment effect (start)
22 December 2010
Foreseen end date
31 March 2011

Description

On 22 December 2010, the pharma company Hexal-Sandoz announced to cut 250 jobs, i.e. 6% of the 4,300 jobs in Germany. The business daily FTD reported that Hexal is to take over sales and distribution functions from Sandoz. These plans are to be completed by the end of March 2011.


Sources

  • 22 December 2010: Financial Times Deutschland

Citation

Eurofound (2010), Hexal-Sandoz, Internal restructuring in Germany, factsheet number 71362, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71362.